existential crisis admits german chancellor angela merkel that's. across the globe more than the problems of three time zones at the moment the most visible the most obvious is clearly the eurozone problems but on the other side of the atlantic you have to you as it probably did recession but showing some very weak economic figures and suffering as well. e.u. leaders could this work for the single currency here at the summit if they fail to do a deal with the spreading your. experts fear public plan it will take over denying them control. brussels. of the most keen to join it as we report later this hour. with the east coast struggling to keep its head above water there are still some countries that are ready to get on board what some commentators have compared to climbing on the titanic out of it started thinking.

former financial times correspondent david dog well told there's not only the euro that's going down either i don't believe there's either the european economies all the united states have yet. really begun to get to grips with the very grave collapse that occurred after two thousand and eight. lot of pain therefore is is facing is going forward. from an austere point of view the sooner we start to get to grips with that and take some of the austere measures necessary the better we will all have to recognize in the process that we are a lot poorer than we thought we were in two thousand and seven the story is that the euro as a phenomenon is in quite serious danger. and for a war for the world of finance as well bit later today check out the latest edition of the kaiser report which asked of people in the us will rise up against the big banks. they're encouraging at least twenty thousand people to show up on wall

street occupy wall street and don't leave just like there are people in tahrir square didn't leave until their demand that mubarak step down with matt the americans saying don't leave until obama forms a presidential commission to investigate whether or not there spend financial fraud . next tonight investigations into the phone hacking case that's rocking the u.k. growing by the day with ever more questions being asked of key figures in political media and police circles and as the scandal intensifies as impaired threatens careers across the board parties or amid reports now on how the case continues to hold not just rupert murdoch but the u.k. prime minister david cameron as well. this is. why i'm enjoying this so. who will survive the phone hacking scandal and keep

his job cameron comes under fire for hiring andy coolth and former editor of the now defunct news of the world he's accused of encouraging his staff to hack into private voice mails there's been a large amount of fingers and just a kind of heads in the sand and that is lethal for a prime minister and he's now in a real fight isn't a real really bad situation he could well be looking at some serious consequences for himself at the very least start still around him betting shops have slashed the odds on cameron being the next m.p. to quit the hacking they offered one hundred to one at the beginning of the week just five to one three days later in the last two weeks or so we've seen a lot of money go on camera in the last forty eight hours when the. committees have been going on behind us. and we've seen cameron over the last few weeks fall from one hundred to want to be the next cabinet member to leave to forty one years and

he just slightly crept up again to five to one today as a result of his statements in the house earlier where we thought he gave quite a good performance on choose day it was murdoch's turn for a close shave attacked by a protester with a foam pai and saved only by his wife's right hook despite profuse apologies to victims of his own newspaper's unethical behavior he had no intention of stepping down himself. what's less clear is whether david cameron remains the best person to lead britain out of this crisis of confidence he hired coos and who in turn it was later revealed was being advised by another ex news of the world hack neil wallis if that wasn't enough he was simple taney asli. working for the metropolitan police politicians and police under fire for cruising up to and colluding with the murdoch empire and in the wings cameron arch rival ed

miliband is limbering up to step into the ring was so that the country can have the leadership we need why why doesn't he do more why doesn't he do more than give a half apology and provide the full apology now for hiring mr colson and bringing him into the heart of downing street. commentators say the prime minister came out on top in wednesday's round in the house of commons when he was grilled by m.p.'s over his relationship with news corp but the fight is far from once you know. he is damaged before base he was he was beginning to develop in the form cameron because none of the sort of damaging political issues that were in the government actually stuck to him the scandal has forced resignations all round top executives at news corp and the u.k.'s two most senior police officers many are asking why the

prime minister shouldn't be next for a knockout david cameron's promised a full apology if it turns out and he calls and lie to him about his involvement with phone hacking but some say that won't be enough when it's over and we are a long way from that it's far from clear who can survive the rounds still to come and remain at the top of the media the police and the government nor and it's hard to see. the storm out of his communications director of the american n.-g. o. free press terry funk you for being with us tonight on r.t. now betting shops here shorten the odds on david cameron's chances of staying in office would you take that bet as well what do you think you think the prime minister will resign and a time soon. i wouldn't i wouldn't make that bet but i would i would certainly enjoy watching it play out. you know it's there's

been a very cozy relationship between media and government throughout western democracies it's no less true in the united states that it is in the u.k. . and what we've what we've seen is is sort of a laying bare of that relationship in a way that that everybody suspected but now we now we can see that it's the that our suspicions are proven true called bloodbath little roman gladiator ring isn't it i mean murdoch's far reaching influence on the world of politics and well and truly exposed now how much do we really know the still other more revelations you think that come out. the only surprise would be if there weren't more surprises. certainly certainly intrigued by the way this is playing out what's very very interesting to me is the way the british media have been paying attention to this and it's a really good example of what happens when you have a very vibrant and even even combative media culture where you've got many

competing voices in the media arena something that we're seeing less and less of here in the united states and that's what i find particularly troubling to be surprised by how this is out of the says he's deeply shocked to think that these people knew about it. well i'm not a friend of mr root mr rupert murdock's but from what i've heard from those in the know he's a very hands on manager he he loves the newspaper business he loves he loves being a big player in the media. you know i certainly wouldn't say that it's for certain that he knew but if he didn't then i've heard some some some bogus information about him many say the biggest casualty now in the long run going to be media freedom to say the media freedom in danger do you think freedom of speech in

britain will survive unscathed after this. well it's a great fear that it won't and it's a legitimate fear typically what we see is when these scandals and crises happen that the reaction is to take a sledgehammer to kill the fly and you know i'm not i'm not going to compare this particular scandal to a fly because it is fairly significant but if the reaction is overreaction and there's call for greater regulation of the press that ultimately that that argues poorly for democracy at large we've got we've got sort we've got a situation where everybody is up in arms and they're running around like their hair is on fire and if the reaction is is to do way too much to solve the problem that we have then certainly we've got reason to be concerned just briefly murdoch's now back in the u.s.

if you will paul and he was given pretty thought a grilling in the u.k. parliament is that likely to change attitudes to him where you are. you know the fact of the matter is that news corp properties like fox news channel and the in the new york post are very politically polarizing to begin with so there are people who will defend tooth and nail rupert murdock's and there are people who are right now laughing themselves to tears at his at his situation right now so i don't think it's going to change a lot of opinions right now in the united states the paul political culture is so polarized that there are very few people in the middle who don't have an opinion. i can see them being being somewhat turned off by what's transpired and what we've learned about what's happened in the u.k. and there is suspicion that something similar or to a lesser or greater extent has been happening in the united states if in fact it is found that the allegations that news corp properties were looking for looking to

hack the telephones of nine eleven family victims or victims' families that is going to be a storm the likes of which you've never seen in the u.s. where i'd done the communications director of american n.-g. o. free press thank you for being on tonight. still to come in the program time to say goodbye. to the taliban has grown as a result of continued u.s. presence in southern afghanistan we get expert opinion on how the pullout of u.s. troops from the country could improve security there. just imagine this piece is about four and a half billion years old. space rocks but it's cosmic passion or is it because shoot of profit well we explore what lies behind the meteorite fever that's spreading in central russia. so it is expecting progress on its bid to join the

rest of war crimes suspect go and how they had shot and been a key hurdle on the road of membership that still need to clearing had to be extradited to the hague on saturday. reports now from the capital belgrade. whilst the government's very much to the west the public opinion actually does this quite significantly now the last time i was in belgrade at the end of last year i spoke to the deputy prime minister head i asked him why there's still such a government drive to this membership and he said that they really see this as a chance the serbian people to have a normal life well the people here in serbia only have to look at what's happening right now in greece in spain in italy to see that quite clearly even membership is not going to be the answer to all our country's problems now add to that that they're also a very disillusioned with the government's policies and the way that they've handled this whole partnership and dealings with the e.u.

they feel the serbia is being made to jump through hoops and it was there for filling all these the months that have put on them by the this thing that very little in return we will get in return what usually gets nothing whatsoever. got many many more hoops to jump over before it can get anywhere close to. the e.u. has always linked. membership with the full cooperation with the hague and we've already heard from president parish that he feels that they have felt their moral and legal obligations to the hague so it's going to be very interesting now to see with this latest arrest of had it whether or not the e.u. is going to school not just with words but with actions that because it seems that with the arrest serbia really has called brussels bluff. now there's plenty more on our website as well including the latest news blogs and expert analysis in fact here's what's alive you right now tonight about the delivery with

a different sin the law in xeloda is pledged to spend five weeks with its family of big cats but hopefully will be their lunch she'll be the midwife got more on that on line tonight also passions and fashion run high in st petersburg and dozens of glamorous contestants put on their high heels for one hundred meters sprint find out what private girls were chasing on our website r t v dot com there they go. afghan forces have taken control of another area of the country from the nato forces in the ceremony in the western city of herat it's the fourth of seven regions being handed over to afghan control this month this continues the transition of nationwide security to the local troops and police that due to finish in twenty fourteen violence recently spiked in afghanistan with insurgents targeting regions being handed over but the taliban will be so eager to fight once foreign forces are go on says j. dilla birth war veteran and member of the rethink afghanistan movement. the

taliban has grown as a result of continued u.s. presence in the southern afghanistan so by the u.s. leaving you're going to see the taliban basically not want to fight as much because they're basically fighting it's afghans you're going to see an afghan peace process take place because afghans generally speaking don't want to silly fight with each other they just simply want to live in coexist for the most part now as the taliban comes into the peace process comes into the afghan government the taliban will begin to reconcile itself with the population and become more congenial simply because it has to if it wants to be taken seriously by the population generally speaking the afghans are better off with governing themselves without the united states or the coalition forces providing security for them because as we've seen we have unintentionally killed a lot of people and i think that we would be foolish to sit here and think that the

u.s. is leaving we're not leaving there will be permanent u.s. involvement in nato involvement for a long time. elsewhere across the globe the u.s. has announced it will send aid to famine in somalia but only official deliveries will be hindered as they pass through islamist militant controlled areas the un has declared a state of famine in southern somalia when only four million people are now in danger of starvation a devastating drought caused the crisis said to be the worst to hit the region in decades it's estimated the stricken country needs over one and a half billion u.s. dollars in aid right now. for elderly kenyans have been given legal permission to sue the british government over alleged atrocities committed during colonial times claimants allege they were systematically abused in special comes set up to crush them out of rebellion against british foreign office says it should not be held responsible for the actions of the colonial administration. atlantis is back to earth for its very last landing after almost

a fortnight in orbit the touchdown brings to it and thirty years of the american space shuttle program atlantis is the last shuttle to be retired and to be put on display at the kennedy space center and the future missions by u.s. astronauts to the international space station will rely entirely on help from russian. sometimes you have to dig deep to reach for the stars that least that at least is the case in central russia region where meteorite fever spread in recent years you hear me right now he's on a boy jumped at the chance to catch a falling star. they don't believe in aliens so the time machine but they do spend most of their time looking for extraterrestrial matter that will take them billions of years back in time most meteorite hunters in russia do it for profit but some still see it as their way of heat hiking through the galaxy. this is the oldest matter you can hold in your hands there is a theory that meteorites are part of planets core just imagine this piece is about

four and a half billion years old like the earth this valley about three hundred kilometers east of moscow is their latest pitstop about ten thousand years ago the local fields took a have a pounding from an audience shower creating the most fertile meter a ground in central russia is discovering two thousand was a pure accident. a few ditches were dug kids help with the draining off the excavators left a local resident was passing by he noticed a rather strange broken picked it up the rug lay idly in his bomb for two years until the store program brought me to write some t.v. and sent it in for testing that. within the next few years about to be tons of meteoric material was discovered here some of the unlikely help of the donation he's on our staff he's the only dog in russia trying to hunt for rocks from other planets in many ways meteorite hunting is a lot like gold digging you have to spend weeks in the wild hoping for

a stroke of luck but in today's prices searching for these acts trying to wrestle rocks can be more profitable than even the good old gold fever marchionne no lou and i meteorites we are in high as the month can cost two or even three times the weight in gold the biggest findings usually gravitate to the united states and western europe where most me to write collectors at base and about russia dollars allow x.-prize to fax or terrestrial rocks ten percent of their value must be paid to this. still some delusion try and dodge the meteorite tax base for time halt was uncovered earlier this year at a moscow airport on its way illegally to the czech republic for some of their fallen stars but for others meteorite crease only becoming a blazing hot new commodity. now how to stay cool in the hot summer sun well obviously using that quad bike to take

a look at these water babies put their a spectacular skills to the test the philistine travel to mess about three months ago and i'm rapidly gaining momentum here in russia but all the babies there while they don't miss all the fun of the sun that are more in the small town of in twenty minutes time very nice to have time off work to do it i say. just over ten minutes from now with the road between paris and moscow being paved with gold we ask it's the subject of our interview after dmitri's brought you the business. thanks karen hello and welcome to business arts a minority shareholders of preparing a lawsuit over b.p.'s failed bid to partner ross now in arctic exploration shareholders of want to russian court ruling ordering papers surrounding the multi-billion dollar deal to be revealed this will allow them to evaluate the damages b.p. and rossi have failed to strike the deal this spring as to shareholders claims b.p.

russian joint ventures should be the primary vehicle for exploration in the arctic . to the board members nominated by b.p. didn't make it clear there was an opportunity for corporations which they should have done as a result didn't get to participate in this partnership and dance might have had lawsuits. and lawyers for minority shareholders say they could claim from five to ten billion dollars in losses however in ivory for people leaves too much. it's going be very hard for them to really establish that there's been something that's been done that's wrong and that's led to that sort of sort of a financial loss my suspicion is this is all part of a commercial negotiation trying to get something that's the purpose of the decision of the siberian court is that they've now got the permission to get further evidence. to go to the markets now and crude has seen a very volatile day in the light sweet as flirting with the one hundred dollars per barrel mark just five cents short of that reports on inventories are actually

pushing prices higher although chinese manufacturing going down is limiting these gains could have been even higher than that so if the stock markets open strongly morgan stanley report is more than expected to last friday financial stocks bank itself is up around six percent jobless claims have however come out with a slight increase but a lot of the drivers coming from europe is take a look at europe then chancellor merkel and french president sarkozy agreed on a joint approach to greece's debt crisis out of e.u. summit so the footsie under dikes are up point eight ten point one percent respectively as of the closing picture for russia then and markets saw a pretty hefty boost by the end of trading r.v.s. up one point nine percent my six one point six percent this is all reports low unemployment rates and accelerated retail sales and. if we look at some of the

individual movers on them i say see the energy shares were doing pretty well as it will recover gazprom up one point seven percent at the close this burbank was down most of the day but managed to gain one percent at the close and rose added half a percent by the end of the session after gaining five and a half the previous session. there's been a really rocky market over the last of the last few days as everybody is watching what's happening in europe here can the eurozone governments find a longer term solution to this ongoing saga with the peripheral europe. countries in particular greece and today is the day thursday today is the day where eurozone countries are supposed to come up with some long term solution if they do that it's going to be respectful and you're going to see russia really very if they don't. you know there is a potential disaster scenario that will make people very very nervous indeed and you see that in today's trading actually the markets started off lower. moved down

and then there's a little bit more enthusiasm came through the some leaks that are coming out of the european negotiations and therefore the markets rallied on the day. of the national front burner capital with its market comment the clock is ticking for the u.s. to resolve its debt problems of value to raise the debt ceiling could mean a default on its massive obligations concerns this will harm russia's international reserves a quarter of which is held in u.s. bonds now we've recently spoken to jacob nel from morgan stanley russia he believes there's nothing to worry about no u.s. treasury secretary will allow the u.s. to default on external application so if the debt ceiling doesn't get raised then what will happen is the u.s. will skip some domestic payments however if the deal that is done doesn't satisfy the credit rating agencies there is a chance of a ratings downgrade and that may have been able packed on the treasury bill that it may have an impact on the price of tb also that may have an impact on the value of russia's international was we don't think it will have much of an impact because

the depth of the us to build it is so big it's the core source of funding of low risk assets for so many companies that we don't expect it to significantly move the price of the business news from our cabins next for headlights.

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bring you the latest in science and technology from around the floor should. we go into the future or covered. hello there this is our team on is kevin zero in let me bring you up to date if you will on our top stories today e.u. leaders are in brussels for a crunch some measures to tackle the group crisis but many say with the debt epidemic spreading and threatening big and comedies like italy and spain is there a future of the single currency it's very. this is these troubles are deterring aspiring states from wanting to join serbia prepares to extradite its war crimes fugitive to the hague resting on how to the condition that serbia has no fulfilled hoping to move closer to becoming a member of a bloc. investigations into the u.k.

phone hacking scandal intensify with even more political figures coming under scrutiny in public betting on who the case might bring down next experts say it threatens the careers of not only media executives including rupert murdoch himself but also the political future of prime minister david cameron. take thirty one pm near moscow starts he sophie shevardnadze discusses the prospects of economic cooperation between paris and moscow where the french president's special representative to russia. after the last special representative of the french president on cooperation on russian french business relations thank you very much for being with us today so you come to russia every fifteen days what is your primary mission. my

first mission given by presidents our cozy in line with president medvedev is to report and scope out the establishment of your russian economic zone and the second part of this mission is to strengthen economic cooperation in all possible areas between our countries. now you have responsibility also developing the trade between french france and russia which sectors of the russian economy you think are most attractive for business leaders and friends. of course o.b.'s your team that you have today for france it is of course raw materials in trade we have gas oil is essential but there is much more and look at what alstom is doing with trans march holding building locomotives for export across the world look at what's on offer use doing in the pharmaceutical area we cooperate in many new technological areas and today these areas are multiplying because we are in the heart of russia's modernization plan and french companies can offer quality technology and so for us we want to.